FedEx Co. (NYSE:FDX) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its position in FedEx Co. (NYSE:FDX - Free Report) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,002 shares of the shipping service provider's stock after acquiring an additional 7,238 shares during the period. Natixis Advisors LLC owned approximately 0.06% of FedEx worth $42,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDX. Rockport Wealth LLC bought a new position in shares of FedEx during the 1st quarter valued at about $476,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of FedEx by 0.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 33,838 shares of the shipping service provider's stock worth $9,804,000 after buying an additional 241 shares during the period. Seven Eight Capital LP acquired a new position in shares of FedEx in the first quarter worth about $220,000. Bessemer Group Inc. boosted its holdings in shares of FedEx by 81.4% in the first quarter. Bessemer Group Inc. now owns 17,317 shares of the shipping service provider's stock worth $5,017,000 after buying an additional 7,773 shares during the period. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of FedEx by 41.3% in the first quarter. Lake Street Advisors Group LLC now owns 2,282 shares of the shipping service provider's stock worth $664,000 after buying an additional 667 shares during the period. Institutional investors own 84.47% of the company's stock.

FedEx Stock Up 0.3 %

Shares of NYSE:FDX traded up $0.75 during trading on Monday, hitting $295.21. The company's stock had a trading volume of 1,459,974 shares, compared to its average volume of 1,804,359. The business has a 50 day moving average price of $275.40 and a two-hundred day moving average price of $276.48. The company has a market capitalization of $72.13 billion, a PE ratio of 18.17, a P/E/G ratio of 1.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts' consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $21.87 billion. During the same period in the previous year, the company posted $4.55 earnings per share. FedEx's quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts expect that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.87%. FedEx's dividend payout ratio (DPR) is 34.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FDX shares. Morgan Stanley lowered shares of FedEx from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $215.00 to $200.00 in a research report on Friday, September 20th. The Goldman Sachs Group lowered their price target on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Daiwa America downgraded shares of FedEx from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Finally, Stifel Nicolaus lowered their price objective on shares of FedEx from $327.00 to $321.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $316.04.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.